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We are playing Roulette in Monte Carlo, and we want to bet on our lucky number, 13. The payout is 35 to 1 if we
We are playing Roulette in Monte Carlo, and we want to bet on our lucky number, 13. The payout is 35 to 1 if we get our lucky number, and the Roulette wheel is numbered from 0 to 36, with each number Equally Likely to occur. Is the payout fair? Why or why not? If not, what would a fair payout be
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